Latest Realty News

DELHI: Realtors’ body CREDAI today hailed the RBI’s decision to keep policy rates unchanged saying this indicates interest rates have peaked and hoped rates would come down in near future, giving boost to economic growth as well as housing demand.

COIMBATORE: Every evening Shyam Veluswami and his friends play an hour of badminton in the indoor court situated on the first floor of the marble, wood and glass three storey club house in Shobha Harishree residential community. Very often, as he walks out, he waves a hello to his mother who takes an evening walk with two of her friends on the walking track provided around the community or just sits down for a chat on one of the benches provided along the roads.

AURANGABAD: A festive spirit only adds to buyers' sentiments in the property market. After last year's slowdown due to the severe drought in Marathwada region, belligerence is the watchword in the Aurangabad property market this Gudi Padwa.

NASHIK: 2014's Gudi Padwa could signal better movement for the real estate sector in Nashik after a lull that has lasted for over a year-and-a-half. Considered an auspicious occasion for bookings, the past three months leading up to Monday's Gudi Padwa have seen close to 400 flats being booked in the city.

NASHIK: The Confederation of Real Estate Developers Association of India (CREDAI), Nashik, is awaiting a rollback of the hike in ready-reckoner rates announced by the Maharashtra government from January 1, 2014. The organization has expressed its disappointment, with the hiked rates remaining unchaged after an assurance from the state government.

CHENNAI: Just 20% of the 2.5 lakh engineering graduates passing out of colleges in Tamil Nadu every year are employable, said Sandeep Mehta, president of Confederation of Real Estate Developers' Association of India (CREDAI), on Tuesday.

HYDERABAD: With political uncertainty in the state ending with the Centre’s move to bifurcate the state, realtors in the city are a happy lot. They believe, Hyderabad will once again emerge as an investment destination which will lead to an uptick in real estate prices.

HYDERABAD: Owing to the new found political stability in the state capital, builders and developers point out that it is the best time to invest in property as the prices would not remain rock bottom for a long while.

INDORE: Moving forward with the traditions of excellence and innovations, Credai's (Confederation of Real Estate Developer's Associations) Indore chapter once again brings a property show- 2014. Being organized from the last two years, this property fair has got tremendous response from people and the critics. Forming its chain of success, Credai this year is entering into its third edition. From 28th February to 2nd March, this three-day event will be held in Indore.

CHENNAI: Over 70% of apartment buyers in the city purchase properties below Rs 60 lakh, going by figures thrown up by the just concluded three-day property fair, Fairpro, organised by the Confederation of Real Estate Developers’ Association of India (CREDAI).

CHENNAI: Swimming pools, gyms, parking lots, landscaped gardens, playgrounds, supermarkets and even in-complex schools and ATMs. If you want to sell a home to the latest generation of home buyers, you better have every single on of these and more. With the average age of home buyers plummeting, developers have realised that this generation of customers are no longer very worried about locales and proximity to the city. The current catchword for selling residential projects is ‘amenities’.

DELHI: To meet the deadline of both residential and commercial projects and bring the prices down by at least 10 per cent, the Noida-based realtors have demanded for Environment Impact Assessment (EIA), a norm for provide auto environmental clearance to all types of real estate projects in India.

HYDERABAD: The ‘sick’ realty sector in Hyderabad heaved a huge sigh of relief on February 18, with the Parliament finally giving its nod to the T bill. Developers and realtors alike, rejoiced the end of political uncertainty in the city, which they stressed was at the root of the crisis prevailing in the property market over the last few years.

CHENNAI: With property pundits forecasting a rise in real estate prices post the elections, FAIRPRO 2014 is looking to give people a shot at buying their dream home at the best prices available now. “Post election, there might be drastic changes in the market. By the end of year 2014, we expect at least 15 to 20 per cent increase in the rates. So this is the best time as people are waiting to invest their money in properties,” said Suresh Krishn, Secretary, CREDAI Chennai, on Tuesday.

NOIDA: The stamps and registry department has decided to reduce circle rates, especially in the group housing and commercial categories, as it has failed to achieve the annual target revenue. Senior officials of the stamps and registry department said that they were not able to generate the revenue due to a steep hike in circle rates undertaken earlier.

NOIDA: The department has decided to reduce circle rates, especially in group housing and commercial categories, as it has failed to achieve the annual target revenue. Senior department officials said they were not able to generate the revenue due to a steep hike in circle rates undertaken earlier.